A Business Makes a Cash Payment to a Supplier "On

question 68

Multiple Choice

A business makes a cash payment to a supplier "on account" (for supplies which were purchased earlier.) Which account is credited?

• A) Cash
• B) Accounts payable
• C) Supplies
• D) Service revenue

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Definitions:

Critical I/O Devices

Input/output devices deemed essential for the operation of a system, whose failure could compromise the system's functionality.

Jump-To-Label Program

A programming construct that allows the execution sequence to jump to a specified point in the code, identified by a label.

NC Contact

An electrical contact that remains closed, allowing current to flow, until actuated open, usually referred to as a Normally Closed Contact in electrical circuits.